June 8th, 2012
01:40 PM ET

Zakaria: Romney is wrong on tax cuts

From The Washington Post

By Fareed Zakaria

The Obama campaign’s attack ad about Bain Capital presented a simplistic picture of a complicated reality. Private-equity firms can play a crucial role in keeping companies competitive. And although some firms have engaged in some bad practices, on the whole the industry has grown so large because it performs a useful function. But the worst part about the ad was that it had little to do with America’s challenges or Obama’s policies.

By contrast, Mitt Romney’s first major ad is substantive — and wrong. He tells us that on his first day in office — after approving the Keystone XL pipeline — he will “introduce tax cuts . . . that reward job creators not punish them.” The one idea that is almost certain not to jump-start this economy is a tax cut.

Why can we be sure of this?

Read why in my column at The Washington Post


soundoff (14 Responses)
  1. Mike Farr

    Unfortunately, most Americans don't really pay much attention to what has caused the world wide mess. They listen to and believe the lies of the politicians. Those on the right are totally insane–many believe that god will solve the problem.

    June 8, 2012 at 1:56 pm | Reply
    • Patrick-2

      Well put, Mike. The right-wing politicians will take this country in one direction, down, down, down!!!

      June 8, 2012 at 7:11 pm | Reply
      • JaeB

        It is amazing how eagerly American right wingers vote against their self interest. I can't be mad at millionaires, who are doing so, but in WI, for instance to have 1.2 million people vote against labor unions - essentially the only counterbalance to corporate (right wing) spending means aside from a generous estimate of 10,000 millionaires, you have 1,190,000 voting to TAKE AWAY their own voices in matters of compensation. I argue that the right wing's message of fear is all they possess, but due to the ignorance of many, it is enough.

        June 12, 2012 at 10:18 am |
  2. JAL

    What happend to the markets, when the recall election was won by the GOP in Wisconson? Market boost>confidence in hiring>unemployment down>more folks paying taxes. That is the plan. The people will decide.

    June 8, 2012 at 2:30 pm | Reply
    • JaeB

      So, since you are a market watcher. I assume you will be voting for Pres. Obama in the fall, since the markets under his watch have been trending strongly upward, in fact, reaching a record high? Or, is this more hypocrisy from a right winger?

      June 12, 2012 at 10:21 am | Reply
  3. Matt A.

    I would like to see the demographic and income group breakdown of the 47-49 percent that pay no income tax.

    That wasn't in your article, but it was in the mainstream media over a year ago. I would like to know to whom to attribute that statistic–if true.

    Tax cut or not, surety amidst an economic depression would be a sign of resolve.

    I'm not holding my breath.

    June 8, 2012 at 7:10 pm | Reply
  4. Quigley

    Wouldn't it be more feasible for the Keystone Pipeline XL to be built going directly west to Vancouver, B.C. than all the way south to Houston, TX? It seems like that would save the pipeline a great deal of money and not disturb the great aquafers in the Great Plains. This the right-wing politicians will never tell us!

    June 8, 2012 at 7:17 pm | Reply
  5. j. von hettlingen

    Mitt Romney shouldn't believe that being president of the U.S. is as simple as running his company. As a private investor and a manager he can afford to be heartless and focus on gain maximisation by laying people off and cutting expenses without fearing social consequences.

    June 9, 2012 at 4:11 am | Reply
  6. JohnR

    FAREED, YOU ALWAYS RIGOROUSLY SUPPORT MORE FEDERAL SPENDING , BUT VIEW TAX CUTS, WHICH MORE EFFECTIVELY PUT MONEY IN THE EONOMY AS A NO,NO. IT IS VERY DIFFICULT TO SUBSCRIBE TO A THEORY THAT GOV'T SPENDING OF OUR MONEY WORKS WELL....I.E. GREECE,SPAIN,PORTUGAL,ETC.

    June 9, 2012 at 8:43 pm | Reply
  7. Lee Miano

    In addition to that the u.s justice system also looks,very faulty with 1 out every 138 Americans behind bars,rest assured it doesnnt need an economist to tell me that is very expensive!

    June 10, 2012 at 1:51 am | Reply
  8. Suleiman the Magnificent

    I have posted two comment and either of them has yet to appear. Am I banned because I am a Martian or what.

    June 10, 2012 at 8:43 am | Reply
  9. joe anon 1

    unless obomber kahn beats him to it, the first thing mittmo will do is bomb syria/iran as his masters demand.

    June 11, 2012 at 12:42 pm | Reply

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.

Follow

Get every new post delivered to your Inbox.

Join 4,788 other followers